Banco Galliano was the oldest

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

in the

British overseas territory The British Overseas Territories (BOTs), also known as the United Kingdom Overseas Territories (UKOTs), are fourteen territories with a constitutional and historical link with the United Kingdom. They are the last remnants of the former Br ...

Gibraltar ) , anthem = " God Save the King" , song = "Gibraltar Anthem" , image_map = Gibraltar location in Europe.svg , map_alt = Location of Gibraltar in Europe , map_caption = United Kingdom shown in pale green , mapsize = , image_map2 = Gibr ...

History

In 1855, Antonio Luis Galliano (1803–1866) and his family, immigrants from

Genoa Genoa ( ; it, Genova ; lij, Zêna ). is the capital of the Italian region of Liguria and the sixth-largest city in Italy. In 2015, 594,733 people lived within the city's administrative limits. As of the 2011 Italian census, the Province of ...

via

Cádiz Cádiz (, , ) is a city and port in southwestern Spain. It is the capital of the Province of Cádiz, one of eight that make up the autonomous community of Andalusia. Cádiz, one of the oldest continuously inhabited cities in Western Europe, ...

, established A.L. Galliano Bankers in Gibraltar, better known as ''Banco Galliano'' in Spanish, or ''Galliano's Bank'' in

English English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national ...

. This family-owned bank was Gibraltar's oldest bank, though it did not incorporate until August 1978. (Before that it was a partnership.) In 1987 Jyske Bank acquired Banco Galliano renaming it Jyske Bank (Gibraltar) Limited. From the latter half of the 19th century, Galliano's bank started to face competition. The Anglo-Egyptian Bank (later

Barclays Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

) opened a branch in 1888, and Credit Foncier (later

Crédit Agricole Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...

) entered in 1920. There were also, by the start of the 20th century, four other small, family-owned banks – Cuby Brothers, Benzecry (''El Banquerito''; established 1882), Rugeroni Brothers (established 1919), and Marrache and Sons – but by 1940 these had ceased operating. A.L. Galliano Bankers survived the

Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...

, the

Spanish Civil War The Spanish Civil War ( es, Guerra Civil Española)) or The Revolution ( es, La Revolución, link=no) among Nationalists, the Fourth Carlist War ( es, Cuarta Guerra Carlista, link=no) among Carlism, Carlists, and The Rebellion ( es, La Rebeli ...

, and both

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s, albeit with difficulty.

Gibraltarian The Gibraltarians (Spanish: ''gibraltareños'', colloquially: '' llanitos'') are an ethnic group native to Gibraltar, a British overseas territory located near the southernmost tip of the Iberian Peninsula at the entrance to the Mediterranea ...

Francis (Paco) Galliano OBE, the last Galliano to own and run the bank, entered the bank in 1944 at the age of 17. He became a partner in 1953 and the senior partner in 1964. His son, Frank Galliano was General Manager until the takeover.

Trivia

In 1822, Spanish the guitar-maker Joséf Pagés made a Spanish guitar that came to belong to members of the Galliano family. Paco Galliano sold it in 2008 for £6,600.Bonhams - A Spanish Six-course Guitar by Josef Pages, Cadiz 1822
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Citations and references

;Citations ;References * Financial services companies of Gibraltar G Banks established in 1855 1855 establishments in Gibraltar Banks disestablished in 1997 1997 disestablishments in Gibraltar Banks of Gibraltar {{bank-stub